Property
Considering that the intricate self-assessment forms of property tax proves to be difficult ones to fill out for residents, Kochi Corporation is to send out its officials to help residents fill the forms. The welcome move is announced as a wide range of information, including the distance of the building from the thoroughfare, type of [...] Continue Reading »
The property tax in Mysore is likely to go up from 50 per cent to 500 per cent, once the amended Karnataka Municipal Corporations Act comes into force. The amended act paves the way for more revenue generation on the part of the city civic body. Before the amendment, the maximum rate of property tax [...] Continue Reading »
According to real estate research firm Liasis Foras, the period between Q4 2010-11 and Q4 2011-12 was characterised by low volumes and high prices. In the period, the demand for real estate in six major markets of India – Mumbai, Delhi, Kolkata, Chennai, Pune and Bangalore – fell by around 40 per cent on an [...] Continue Reading »
According to a report by Fitch Ratings, the real estate sector in India is to face a negative outlook in the second half (H2) of this year. The grim prediction is mainly due to sluggish demand, high construction costs and liquidity pressures. The sluggish demand is not expected to change over few months as RBI’s [...] Continue Reading »
Indirapuram in Ghaziabad, is fast becoming a realty hub. Situated in the National Capital Region (NCR) and on the National Highway-24, it is epitomized by the new age shopping malls, skyscrapers and huge commercial complexes. Experts state that the retail and commercial values recorded an average appreciation of 10-12 per cent in the capital segment [...] Continue Reading »
Nagpur Municipal Corporation, which has been facing severe fund crisis, can breathe a sigh of relief as this year’s revenue collection so far has increased significantly compared to the previous year. The NMC generated revenue of Rs 220.81 crore in the first four months (April-July) of 2012-13, registering a significant increase against the corresponding period [...] Continue Reading »
State Bank of India (SBI) has revealed that it has cut its annual home loan growth target by up to 10 per cent age points. The biggest lender of the country has to revise their target due to sluggish growth in property market. The bank cut its home loan rates on Wednesday by up to [...] Continue Reading »
The Center has finalized a central law to regulate India’s growing real estate sector and prevent realtors from targeting property buyers through unfair practices. The law ministry has cleared the draft of the Real Estate (Regulation & Development) Bill, proposed by the housing and urban poverty alleviation ministry. The bill proposes the setting up of [...] Continue Reading »
The investors who booked flats in different projects of Mayfield Gardens in Gurgaon are stuck in a terrible situation as their investments are not just stuck in bad deals, but the hope of recovering their investment is also fraught with numerous problems. The Town and Country Planning Department (TCPD) had cancelled the licenses of the [...] Continue Reading »
According to Cushman & Wakefield (C&W), residential property launches across major cities in India fell by nearly 44% to 17,500 units in the second quarter of 2012. C&W cites the prime reasons behind the fall being delay in approvals, significant inventory in certain places and postponement of project to accord new launches with the festival [...] Continue Reading »
